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Finsbury Food Group is moving to acquire the business and assets of East Kilbride-based Johnstone's Just Desserts Ltd from administrators in a deal which would save 150 jobs.

Finsbury said the acquisition is “conditional on the finalisation of property lease details which both the Group and FRP are working on to complete as soon as possible”.

Geoff Rowley and Thomas MacLennan of FRP Advisory were appointed as joint administrators of Johnstone's Just Desserts Ltd, a supplier to the leading national coffee shop chains, on March 24.

Finsbury is proposing to “provide staff in relation to manufacturing and finance, to serve the purpose of ensuring a smooth integration process until completion”.

Finsbury said it intends to work with the Johnstones management team at its existing site in East Kilbride and 150 employees will remain with the company.

John Duffy, chief executive of Finsbury Food Group plc, said: “Johnstone's Just Desserts will be a bolt on acquisition and is in line with our strategy to diversify into new channels.

“This, illustrates the group's continued reach into the foodservice 'out of home eating' market and the broadening of our product offering and customer base.

“The strength of Johnstones' customer relationships are testament to the quality of its products and we look forward to welcoming the company into the Finsbury Group and providing the resources and investment to develop its full potential over the coming years.”